MPS Capital Services explained

MPS Capital Services
Native Name:MPS Capital Services – Banca per le Imprese S.p.A.
Native Name Lang:it
Industry:Financial services
Hq Location:4 Via Pancaldo
Hq Location City:Florence
Hq Location Country:Italy
Area Served:Italy
Services:Corporate and investment banking
Net Income: 6.1 million
Net Income Year:2015
Assets: €42.7 billion
Assets Year:2015
Equity: €1.8 billion
Equity Year:2015
Parent:Banca MPS
Ratio: 13.955% (CET1, February 2016 in pro forma)
Website:mpscapitalservices.it
Footnotes:source[1]

MPS Capital Services (MPSCS) is an Italian corporate and investment bank based in Florence, Tuscany. The bank is a subsidiary of Banca Monte dei Paschi di Siena (Banca MPS). The subsidiary was known as MPS Banca per l'Impresa until 2007.

On 28 March 2012 the bank was one of the banks that were selected to manage Fondo di Garanzia per le Piccole e Medie Imprese (a guarantee fund for SMEs) of the Italian Ministry of Economic Development in a 9-year contract. (other banks were Mediocredito Italiano, Artigiancassa, Istituto Centrale delle Banche Popolari Italiane and Banca del Mezzogiorno – MedioCredito Centrale) [2] [3]

History

MPS Banca per l'Impresa was a merger of the two subsidiaries of Banca Monte dei Paschi di Siena: MPS Merchant and MPS Banca Verde (ex-Istituto Federale di Credito Agrario per la Toscana or Istituto Nazionale di Credito Agrario S.p.A. (INCA)[4]) in 2004. The history of MPS Merchant – Banca per Piccole e Medie Imprese (found 2001) could be traced back to Mediocredito Toscano, found 1954. In 2007 the bank received a division of MPS Finance and renamed into MPS Capital Services Banca per le Imprese.

Mediocredito Toscano

Mediocredito Toscano was a bank established in 1954 to provide medium term loan to small and medium companies of Tuscany region, as a statutory corporation. 18 other Mediocredito were also established in the 1950s for the 19 regions of Italy. Due to legal changes from the Legge Amato the bank became a limited company (Italian: [[S.A. (corporation)|Società per Azioni]]), which Monte dei Paschi di Siena (MPS) owned 74% stake.[5] The Mediocredito also merged with Istituto Nazionale di Credito per il Lavoro Italiano all'Estero S.p.A. that year.

In 1995 MPS also became a limited company (formation of Banca Monte dei Paschi di Siena and Fondazione Monte dei Paschi di Siena). In 2000 the Mediocredito was owned by Banca MPS (80.454% stake) and Banca Toscana (11.676% stake), a subsidiary of Banca MPS (57.278% stake plus 4.983% via Banca Agricola Mantovana (BAM); Banca MPS owned 51.487% stake of BAM).[6] The two banks (BAM and Banca Toscana) were absorbed by Banca MPS in the 2000s.

MPS Capital Services

Notes and References

  1. Web site: 2015 Financial Statements. 16 June 2016. 11 October 2016. MPS Capital Services.
  2. Web site: Il MSE affida la gestione del Fondo di Garanzia PMI. 2 September 2011. 3 April 2016. Artigiancassa. Italian. https://web.archive.org/web/20160923232429/http://www.artigiancassa.it/news/Pagine/IlMSEaffidalagestionedelFondodiGaranziaPMI.aspx. 23 September 2016. dead.
  3. Web site: 2012 Annual Report. 24 September 2013. 14 March 2016. Poste italiane. https://web.archive.org/web/20160322214833/http://www.posteitaliane.it/resources/editoriale/pdf/En/Annual_Report_2012.pdf. 22 March 2016. dead.
  4. Web site: Approvazione del progetto di ristrutturazione presentato dall'Istituto federale di credito agrario per la Toscana. 5 August 1992. 3 April 2016. Ministry of the Treasury. Italian Republic Official Gazette. Italian.
  5. Web site: Approvazione del progetto di ristrutturazione presentato dal Mediocredito toscano. 5 August 1992. 3 April 2016. Ministry of the Treasury. Italian Republic Official Gazette. Italian.
  6. Web site: 2000 Bilancio Consolidato. 30 March 2001. 3 April 2016. Banca Monte dei Paschi di Siena (Banca MPS). Borsa Italiana. Italian.